GOP Lawmakers Press Noem to Resign | Balance of Power: Early Edition 1/28/2026

Summary

Bloomberg's Balance of Power Early Edition covers a looming partial government shutdown over DHS funding, Republican pressure on Kristi Noem, and the political fallout from ICE operations in Minneapolis. The program also previews the Fed decision, with Bloomberg Opinion's Kathryn Edwards saying a rate cut is unlikely today and discussing Powell, Fed independence, and affordability. Markets were described as flat ahead of the Fed, but the segment offered no clean investment recommendations.

• Capitol Hill negotiations over DHS funding remain stalled before Friday's shutdown deadline.
• Republican senators face pressure over Kristi Noem and ICE operations after the Minneapolis shooting.
• The panel debates public opinion, midterm politics, and impeachment prospects for Noem.
• The Fed decision and Powell's press conference are the main market focus.
• Kathryn Edwards says the Fed is unlikely to cut rates today and data is inconclusive.
• Edwards expects Powell may stay on the Fed board to protect independence.
• Affordability remains a long-running political and economic challenge.
• No specific securities or investable expressions are recommended.